Offerpad says it is turning the engine back on in 2026

Offerpad says it is turning the engine back on in 2026

It is no secret that Offerpad has struggled over the past few years. After recording three consecutive quarters of profitability, the Chandler, Arizona-based firm found itself in choppy waters during the third quarter of 2022, where it ultimately recorded an $80 million net loss. In total, the company would end up losing $148.6 million in 2022, despite the first half of the year being profitable.  These challenges would continue over the next fe…